Wages v. Comm'r
United States Tax Court
H operated bail bonding and towing businesses throughout tax years 2008, 2009, and 2010. In connection with his bail bonding business, H made payments into a surety's indemnity fund, deductions for which R denied for tax years 2008, 2009, and 2010. R also changed Ps' accounting method, requiring the inclusion in income of the indemnity fund's balance as of January 1, 2008. With respect to H's business activities, Ps also claimed deductions for tax years 2008, 2009, and 2010,…
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H operated bail bonding and towing businesses throughout tax years 2008, 2009, and 2010. In connection with his bail bonding business, H made payments into a surety's indemnity fund, deductions for which R denied for tax years 2008, 2009, and 2010. R also changed Ps' accounting method, requiring the inclusion in income of the indemnity fund's balance as of January 1, 2008. With respect to H's business activities, Ps also claimed deductions for tax years 2008, 2009, and 2010, which R denied, for car and truck expenditures, office expenditures, insurance, subcontractors, cost of goods sold,…
1Opinion of the Court
JOSEPH WAGES AND JENNIFER G. WAGES, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Wages v. Comm'r
Docket No. 27579-12.
United States Tax Court
T.C. Memo 2017-103; 2017 Tax Ct. Memo LEXIS 100;
June 7, 2017, Filed
Decision will be entered for respondent.
H operated bail bonding and towing businesses throughout tax years 2008, 2009, and 2010. In connection with his bail bonding business, H made payments into a surety's indemnity fund, deductions for which R denied for tax years 2008, 2009, and 2010. R also changed Ps' accounting method, requiring the inclusion in income of the indemnity…
2Cases cited13 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Indopco, Inc. v. CommissionerSupreme Court of the United States · 1992
- Vanicek v. CommissionerUnited States Tax Court · 1985
- Greenberg's Express, Inc. v. CommissionerUnited States Tax Court · 1974
8 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
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- Kevin E. Rushing v. CommissionerUnited States Tax Court · 2018